AUM £2.7 billion (2015) Founded 1868 Net income 47.3 million GBP (2015) | Headquarters London, United Kingdom Assets under management 2.7 billion GBP (2015) | |
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Key people Mark Loveday (Chairman)Paul Niven (Fund manager) Website www.foreignandcolonial.com Stock price FRCL (LON) 583.50 GBX +1.00 (+0.17%)14 Mar, 3:07 PM GMT - Disclaimer | ||
Foreign & Colonial Investment Trust is a publicly traded investment trust. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Contents
History
The Company was founded by Philip Rose, who also founded the Royal Brompton Hospital, in 1868 as The Foreign & Colonial Government Trust: it was the first collective investment scheme in the world and specialised in investing in Government bonds. In 1891 it changed its name to The Foreign & Colonial Investment Trust: it first started investing in equities in 1925. In 1981, F&C launched Graphite Capital, a leading UK private equity firm.
Operations
The Company has assets under management of approximately £2.7 billion and holds stakes in over 600 different companies in 35 countries worldwide. The Company is managed by Paul Niven of F&C Management Limited, a subsidiary of F&C Asset Management plc.